5 Most Undervalued Solar Stocks To Buy According To Hedge Funds

3. Array Technologies, Inc. (NASDAQ:ARRY)

Number of Hedge Fund Holders: 32

P/E Ratio as of November 2: 34.04

Array Technologies, Inc. (NASDAQ:ARRY) manufactures and markets ground-mounted tracking systems utilized in solar energy initiatives worldwide, including the United States, Spain, Brazil, and Australia. The company’s operations are divided into two segments – Array Legacy Operations and STI Operations. On September 19, Bank of America included Array Technologies, Inc. (NASDAQ:ARRY) in its US 1 List and maintained a Buy rating with a $30 price target. This decision was based on the company’s exceptional profit potential and ongoing growth opportunities, as per BofA analyst Julien Dumoulin-Smith. 

According to Insider Monkey’s second quarter database, 32 hedge funds were long Array Technologies, Inc. (NASDAQ:ARRY), compared to 31 funds in the prior quarter. Jos Shaver’s Electron Capital Partners is the leading stakeholder of the company, with 5.4 million shares worth $121.8 million. 

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